The Ibex closed with falls of 0.28% (8,907 points) and left 2.06% in the week

The Ibex 35 closed this Friday with falls of 0.28%, to 8,907.6 points, after the positive day that took place yesterday, with large increases in all the indices of the Old Continent and with revaluations also on Wall Street. In Asia there has been a mixed sign session.

Within the selective, the increases in Solaria, Indra and PharmaMar stood out, but above all the falls in banks, Inditex and Repsol.

In the accumulated weekly, the Spanish selective has fallen 2.06% after the strong cuts on Monday and Wednesday and despite the important increases this Thursday.

The clear protagonist of the session has been the June employment report published in the United States, which showed the creation of 850,000 jobs last month, above the 700,000 anticipated.

For its part, the unemployment rate in the world's largest economy rises slightly from 5.8% to 5.9%, above the estimated 5.7%. But this is largely due to a greater incorporation of the population into the active search for employment, which is positive.

Regarding wages, a variable that is currently very much followed to see if there are inflationary pressures in the labor market, which may affect long-term inflation expectations, have risen by 0.3% in June compared to the previous month and by 3 , 6% year-on-year, in line with expectations.

In the calendar of the day, the unemployment figure for June in Spain has also stood out, which has fallen by 166,911 people, its biggest decline in any month since there are records. It is the second consecutive month in which unemployment has registered a record decrease. In May, the biggest drop in the series had been experienced, of 129,378 people.

José Luis Escrivá has also been the protagonist, who has been forced to backtrack on his words yesterday, when he commented that the 'baby boom' generation will have to work more or earn less to maintain their pensions. "You have to give certainty and yesterday I did not have the best day and I did not convey that certainty when talking about something that is yet to be defined," he acknowledged.

On the other hand, investors are also closely following the evolution of crude oil (at this time it is flat, with Brent at $ 75.72 and West Texas at $ 75.14, after last day's rises), Waiting for OPEC +, which has delayed the meeting to decide on production, finally communicated some news.

SANTANDER OPA BY CONSUMER USA

At the business level, the US subsidiary of Banco Santander launched this Friday a public acquisition offer (OPA) for 19.75% of the capital stock of Santander Consumer USA that is not yet in its possession for an aggregate price of 2,356 million euros. dollars (1,992 million euros).

TECHNICAL ANALYSIS AND OTHER MARKETS

By technical analysis, the Ibex "has begun to rebound at the doors of the support of 8,740 points: the highs of March and mid-April. In addition to the important daily oversold levels that the stochastic momentum oscillator marks us. Let's say that At the very least, the conditions are back in place to bet on a short-term rebound ", argues JM. Rodríguez, after a 6% correction from the annual highs in mid-June.

"The resistance to watch at this time cannot be anywhere other than the last decreasing highs: 9,035 and 9,310 points. Although the most important resistance continues to be at the 9,600 points to which we have referred in so many and so many occasions, that it is not another thing that the main bearish guideline ", adds this expert.

The euro rises in value 0.05% and trades at 1.1854 dollars. Gold and silver are up strongly to $ 1,790 and $ 26.47, respectively.

Bitcoin is up 0.5%, to $ 33,165, and Ethereum is down 2%, to $ 2,051.

The yield of the American 10-year bond relaxes to 1.435% and the yield of the Spanish 10-year bond relaxes to 0.369%.